(WisBusiness) FRI News Summary — 12 June 2009

FRI WisBusiness News Summary
12 June 2009
Exclusively for WisBusiness Subscribers



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From WisBusiness.com …

— The three members of the state Public Service Commission unanimously agreed to approve a new American Transmission Co. power line in Dane County.

“Building for the future makes sense,” said PSC Chair Eric Callisto in discussing the commission’s decision to permit ATC to build the 345kv line.

The approved route will run above ground along Madison’s Beltline, a route Callisto said he backed because it affects the least environmentally sensitive land, had fewer stream crossings than rural routes, and had the least impact on agricultural lands of the four proposed routes.

Read more: http://www.wisbusiness.com/index.iml?Article=161414

— Large companies and government agencies may be doing a good job of recycling their electronic equipment and computers, but a bill pending in the Legislature would help small firms and individuals get with the program.

That’s the assessment of Cascade Asset Management.  The 10-year-old company refurbishes, scrubs and dismantles electronics and computers for companies and public agencies around the country.

With more than 80 percent of old electronics ending up in landfills – according to the federal EPA – the Madison company believes the time has come for passage of a bill proposed that would ban dumping and require manufacturers to meet recycling quotas.

Come to http://www.wisbusiness.com soon to read a new interview with Cascade’s Neil Peters-Michaud.

— With unemployment topping 9 percent this year, Wisconsin’s top business executives are predicting the state’s economy will continue to decline, with modest growth predicted in the national economy, according to a new survey conducted by WMC.

Additionally, 48 percent said Wisconsin’s business climate is somewhat anti-business, and 34 percent said “very anti-business,” according to the survey of WMC’s board of directors. Three percent said Wisconsin is somewhat pro-business, and 14 percent said “neutral on business.”

Seventy-nine percent said they will not be expanding in Wisconsin in the next two years. Fifty-two percent said they will be expanding elsewhere; and 48 percent said they will not be expanding in other states or countries.

The WMC Economic Outlook Survey is comprised of answers from the WMC Board of Directors to a 25-question survey about economic conditions in Wisconsin. Thirty-two CEOs completed the survey, with 22 respondents operating businesses with more than 500 employees.

See details: http://www.wisbusiness.com/index.iml?Article=161499

TOP STORIES
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State gets $14.9 million more for dislocated workers: Wisconsin is set to receive an additional $14.9 million in federal funds to provide career training and re-employment services to workers who lose their jobs as a result of outsourcing and foreign trade.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/08/daily70.html

M&I Corp. plans to issue $400 million in stock : Marshall & Ilsley Corp. of Milwaukee, parent company of M&I Marshall & Ilsley Bank, Thursday announced plans to offer $400 million of common stock for public sale.
http://www.madison.com/wsj/home/biz/454569

GM Janesville competition cut in half?: Gov. Phil Bredesen on Thursday expressed doubt about whether Tennessee can afford the financial demands from General Motors Corp. to select its Spring Hill plant to build a new small car.
http://www.madison.com/tct/business/454645

Proposed state budget amendments would affect utilities : A series of changes proposed Thursday by Assembly Democrats would alter how utility rates change when fuel prices swing and would prevent a $150 million state renewable energy grant program from being eliminated.
http://www.jsonline.com/business/47882792.html

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VISIT BIZOPINION FOR BUSINESS-RELATED COMMENTARY

See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler:
http://blogs.wisbusiness.com/bizopinion

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ECONOMY (back to top)
– Klaus to help oversee stimulus funds
http://www.leadertelegram.com/story-news.asp?id=BK9M6JV8KF3

– Summit advocates state economic support
http://www.wausaudailyherald.com/article/20090612/CWS03/306120055/-1/WDH03/

– Madison is best midsized place in ‘Next Cities’ ranking
http://www.madison.com/wsj/home/biz/454557

LABOR (back to top)
– Eau Claire County workers’ unpaid furloughs proposed
http://www.leadertelegram.com/story-news.asp?id=BK9LMUI1KFF

– Merrill School Board votes to recall teachers, staff from layoff notice
http://www.wausaudailyherald.com/article/20090612/WDH0101/906120577/1981

SMALL BUSINESS (back to top)
– Kaukauna home improvement firm celebrates 36 years
http://www.postcrescent.com/article/20090612/APC03/906120424

– Wausau Cabinet builds niche through design
http://www.wausaudailyherald.com/article/20090611/CWS03/306110084/-1/WDH03/

INVESTING (back to top)
– School Specialty delays revenue forecast
http://www.postcrescent.com/article/20090612/APC03/906120425

REAL ESTATE (back to top)
– Developer Steve Schnieder slashes rent to fill Zuelke site in downtown Appleton
http://www.greenbaypressgazette.com/article/20090612/GPG03/906120500

– First-time homebuyers have corner on tax credits
http://www.greenbaypressgazette.com/article/20090612/GPG03/906120496

– Expert optimistic about housing market
http://www.madison.com/wsj/home/biz/454611

– Stonewood plans $15 million makeover
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/15/story1.html?b=1245038400^1844462

– Oak Creek business park planned
http://www.jsonline.com/business/47884502.html

AGRIBUSINESS (back to top)
– Cross Country: Despite innovations, tobacco farming still labor-intensive
http://www.madison.com/tct/business/454585

– Claims dismissed against Aurora Organic Dairy
http://www.madison.com/tct/business/454641

TRANSPORTATION (back to top)
– Wisconsin Democrats revive regional transit authority provision for Fox Cities
http://www.postcrescent.com/article/20090612/APC0101/906120449/1979

– Chippewa Valley transit proposal put in state budget
http://www.leadertelegram.com/story-news.asp?id=BK9M8H64KF2

– Gov. Doyle checks on Marshfield’s Central Avenue construction progress
http://www.wausaudailyherald.com/article/20090611/CWS03/306110062/-1/WDH03/

– Delta/Northwest to cut capacity
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/08/daily68.html

– Midwest resumes nonstop service to L.A., Kentucky
http://www.jsonline.com/business/47773822.html

RETAIL (back to top)
– 2 stores to hold grand opening celebrations Saturday
http://www.wausaudailyherald.com/article/20090612/CWS03/306120056/-1/WDH03/

– Fertilized by Growing Power, veggie tales become the latest story at businesses
http://www.jsonline.com/business/47884487.html

UTILITIES (back to top)
– Beltline route chosen for power line as PSC approves 32-mile project
http://www.madison.com/wsj/mad/latest/454572

HEALTH CARE (back to top)
– Health center leader calls Obama plan a ‘good start’
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/08/daily66.html

– Medical College grant will address work force needs
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/08/daily63.html

MANAGEMENT (back to top)
– TomoTherapy names new CFO
http://www.madison.com/wsj/home/biz/454604

– UW-Madison names new provost
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/08/daily67.html

– Hund returns to lead Harley-Davidson financing unit
http://milwaukee.bizjournals.com/milwaukee/stories/2009/06/08/daily62.html

PRESS RELEASES (back to top)
· ActionCOACH of Elm Grove: Announces free “Kick The Economy” workshop on Friday, June 19, 2009
· Arts Wisconsin: Announces Arts in the Community Awards
· Better Business Bureau: Warns against a summer scam going door-to-door nationwide
· Bucketworks: As economy sags, Bucketworks lifts people up with opportunities
· Dairy Business Association: Griswold named DBA Director of Business Development
· Greyhound Pets of America: July 12 Paws With A Cause” fundraising carnival for dogs and their families to benefit the Wisconsin Greyhound Adoption Group
· Kmotion Media: Partner’s animation selected for Comedy Central promo TV spot
· MGE: 2009 Greater Madison Area Directory of High-Tech Companies available
· STAR Credit Union: Awarded governor’s honor for financial education efforts
· U.S. Sens. Kohl, Feingold, U.S. Reps. Ryan, Baldwin: Joint statement on meeting with GM executives
· UW-Whitewater: Ben Hobbins a featured entrepreneur at Ideas to Profits Conference
· UWM: Doctor autonomy linked to technology resistance and reduced health care quality
· Wind in Wisconsin: Wind energy is popular
· Wisconsin Bio Industry Alliance: Platteville flex-fuel snowmobile photo wins People’s Choice Award
· Wisconsin Farmers Union: I.I.E.A., WFU and the Wisconsin state Office of Energy Independence sponsor David Blume’s Rural and Urban Economic revitalization workshops
· WISPIRG: Bill to stop toxic baby bottles and sippy cups
· Zeppos & Associates: Earns “Best Of Show” and seven other Paragon Awards from Southeastern Wisconsin Public Relations Society of America

For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82

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